Source: Tax Foundation
Latest Data: 2024

A corporate tax is a direct tax imposed by a jurisdiction on the income or capital of corporations or analogous legal entities. The effective tax rate can be calculated by dividing the income tax expenses by the income earned before taxes. The State Corporate Income Tax Rates and Brackets measure presents the tax rate values corresponding to the highest income brackets as defined by each state. 

Not all 50 states exercise a similar taxation strategy. According to the Tax Foundation, "Nevada, Ohio, Texas, and Washington do not have a corporate income tax but do have a gross receipts tax with rates not strictly comparable to corporate income tax rates. See Table 18 for more information. Delaware and Oregon have gross receipts taxes in addition to corporate income taxes, as do several states like Pennsylvania, Virginia, and West Virginia, which permit gross receipts taxes at the local (but not state) level."

Source: Tax Foundation; state tax statutes, forms, and instructions; Bloomberg BNA.